External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Habib Bank Limited (HBL) conducted its management call today where the management discussed 2025 results and future outlook.</li><li>HBL's total deposits have increased by 27% in Dec-2025 to reach Rs5.5trn. Similarly Current Accounts (CA) grew by Rs0.4trn to reach Rs2.0tr in Dec-25, up by 27%. However, domestic CA mix decreased to 37.6% in Dec-2025 vs. 40.6% in Dec-2024.</li><li>We maintain a buy stance on HBL, with the stock currently trading at a 2026E PE ratio of 5.6x, PBV ratio of 0.8x, and dividend yield of 8%.</li></ul>

Habib Bank Limited (HBL) conducted its management call today where the management discussed 2025 results and future outlook.HBL's total deposits have increased by 27% in Dec-2025 to reach Rs5.5trn. Similarly Current Accounts (CA) grew by Rs0.4trn to reach Rs2.0tr in Dec-25, up by 27%. However, domestic CA mix decreased to 37.6% in Dec-2025 vs. 40.6% in Dec-2024.We maintain a buy stance on HBL, with the stock currently trading at a 2026E PE ratio of 5.6x, PBV ratio of 0.8x, and dividend yield of 8%.

Topline Flash Note: Habib Bank (HBL): Management Call Key Takeaways

Habib Bank Ltd

Topline Flash Note: Habib Bank (HBL): Management Call Key Takeaways